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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Malagasy Ariary/Euro (FOREX:MGAEUR)
Bull Market Weakness (+75) - MGAEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MGAEUR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MGAEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGAEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MGAEUR
The long-term trend has been UP since Mar 20th, 2024 at 0.00020549
The intermediate-term trend has been UP since Mar 20th, 2024 at 0.00020528
The short-term trend has been DOWN since Apr 18th, 2024 at 0.00021311
Smart Scan Analysis for MGAEUR
Based on our trend formula, MGAEUR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00021306 | 0.00021306 | 0.00021306 | 0.00021306 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00021306 | 2024-04-18 07:26:26 |